Case Details

Almaden Minerals Ltd. and Almadex Minerals Ltd. v. United Mexican States (ICSID Case No. ARB/24/23)

Subject of Dispute:

Mining concession
Economic Sector:

Oil, Gas & Mining
Instrument(s) Invoked:

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
Applicable Rules:

ICSID Convention - Arbitration Rules

(a) Original Proceeding

Claimant(s)/Nationality(ies):

Almaden Minerals Ltd. (Canadian), Almadex Minerals Ltd. (Canadian)
Respondent(s):

United Mexican States (Mexican)
Date Registered:

June 27, 2024
Date of Constitution of Tribunal:

October 3, 2024

Composition of Tribunal

President:

Luca G. RADICATI DI BROZOLO (British, Italian) - Appointed by the Parties
Arbitrators:

Oscar M. GARIBALDI (Argentine, U.S.) - Appointed by the Claimant(s)
Jorge E. VIÑUALES (Argentine, Swiss) - Appointed by the Respondent(s)

Party Representatives

Claimant(s):

Boies Schiller Flexner, London, U.K., Washington, D.C., U.S.A. and New York, NY, U.S.A.
Respondent(s):

Subsecretaría de Comercio Exterior, Dirección General de Consultoría Jurídica de Comercio Internacional, Secretaría de Economía, Ciudad de México, México
Tereposky & DeRose, Ontario, Canada
Pillsbury Winthrop Shaw Pittman, Washington, D.C., U.S.A.
Language(s) of Proceeding:

English,Spanish
Status of Proceeding:

Pending
Latest Development:

June 11, 2025 - The Tribunal decides on the admissibility of new evidence.

(a) Original Proceeding

Published Decisions

Procedural Order No. 1

Procedural Order No. 2

Claimants’ Memorial on the Merits

Respondent’s Preliminary Objections pursuant to ICSID Convention Article 41(2) and ICSID Arbitration Rule 44

Available on the ICSID Website

Procedural Order No. 1 (November 27, 2024) English (Original)

Procedural Order No. 2 (December 19, 2024) English (Original)

Claimants’ Memorial on the Merits (March 20, 2025) English (Original)

Respondent’s Preliminary Objections pursuant to ICSID Convention Article 41(2) and ICSID Arbitration Rule 44 (May 5, 2025) Spanish (Original)

(a) Original Proceeding

Date	Development
June 27, 2024	The Secretary-General registers a request for the institution of arbitration proceedings.
August 17, 2024	Following appointment by the Respondent, Jorge E. Viñuales (Argentine, Swiss) accepts his appointment as arbitrator.
August 19, 2024	Following appointment by the Claimants, Oscar M. Garibaldi (Argentine/U.S.) accepts his appointment as arbitrator.
October 3, 2024	Following appointment by agreement of the parties, Luca Radicati di Brozolo (British/Italian) accepts his appointment as presiding arbitrator.
October 3, 2024	The Tribunal is constituted in accordance with Article 37(2)(a) of the ICSID Convention. Its members are: Luca Radicati di Brozolo (British/Italian), President, appointed by agreement of the parties; Oscar M. Garibaldi (Argentine/U.S.), appointed by the Claimants; and Jorge E. Viñuales (Argentine/Swiss), appointed by the Respondent.
November 20, 2024	The Tribunal holds a first session by videoconference.
November 27, 2024	The Tribunal issues Procedural Order No. 1 concerning procedural matters.
December 18, 2024	A non-disputing party files an application to file a written submission pursuant to ICSID Arbitration Rule 67(1).
December 19, 2024	The Tribunal issues Procedural Order No. 2 concerning transparency and confidentiality.
March 20, 2025	The Claimants file a memorial on the merits.
May 5, 2025	The Respondent files a request to address the objections to jurisdiction as a preliminary question pursuant to ICSID Convention Article 41(2) and ICSID Arbitration Rule 44.
May 28, 2025	The Respondent files a request for the Tribunal to decide on the admissibility of new evidence.
June 9, 2025	The Claimants file observations on the Repondent’s request of May 28, 2025.
June 11, 2025	The Tribunal decides on the admissibility of new evidence.